MONTREAL, QUEBEC -- (Marketwire) -- 08/20/08 -- Golden Share Mining Corporation (TSX VENTURE: GSH) is pleased to announce the start-up of drilling activities on its Malartic Lakeshore property as well as the continued development of its other mining properties

Malartic Lakeshore property

The stripping program is now completed and the exposed areas have been channel sampled and mapped in detail. A total of 619 channel samples, totaling 581 linear meters, were taken and shipped for analysis. Moreover, a detailed structural study has been finalized by EarthMetrix, a company specialized in the interpretation of satellite images and air photos with specific experience in the Malartic mining camp. This study has resulted in the identification of many targets which will be followed up.

A first diamond drilling campaign comprising fifteen holes totaling 1,500 m to be drilled at depths varying between 50 and 195 m is planned to start during the week of August 18th 2008. This campaign targets the recently stripped areas with the initial objective to improve the understanding of the geometry and the distribution of the mineralization up to a depth of 125m.

Forsan property

Surface geological evaluation work is completed. Stripping work started on August 11th 2008. This work will be on-going during the month of August with the objective to expose potential sub-parallel zones recognized during geological evaluation work. Diamond drilling is expected to be initiated as soon as stripping is finalized and results have been interpreted.

Elwood property

A first surface reconnaissance program was carried out between by mid-July and early August 2008. The work consisted in re-localization of previous work, surface follow-up on new IP anomalies, systematic channel sampling on the principal mineralized zones of the Penziwol area as well as thorough prospecting of the western part of the property. A total of 238 channel samples, totaling 237 linear meters, were taken and shipped for analysis. Moreover, a total of 65 chosen rock samples were sampled on outcrops of newly discovered zones. A diamond drilling program is planned for the fall.

Following reception and compilation of all channel samples results on all properties undergoing exploration work by Golden Share, detailed maps will be executed and conclusions of the work will be rendered public by way of press release.

Potential acquisitions

In order to maintain its dynamism and generate new targets, Golden Share has initiated a mining property evaluation program. A data base has been complied with different proposals received by the Company. Several mining properties have been visited in Ontario and Quebec by Golden Share's management during the past two months. The Company will adopt a dynamic profile regarding the management of its mining properties to optimize its position and offer its shareholders maximum exposure to new plays.

InnovExplo, a Val d'Or based geological consulting group, is responsible for the geological management of the Malartic Lakeshore project under the supervision of Mr. Alain Carrier, P. Geol. Mr. Pierre Poisson, P. Geol., of Muroc Inc., a geological consulting firm based in St-Adolphe d'Howard, Quebec, is overseeing the development of the Forsan and Elwood projects. The exploration programs are under the supervision of Mrs Laurence Huss, P Geol., and Vice-President Exploration of Golden Share.

Golden Share intends to report on a regular basis on the advancement of its work programs. Philippe Giaro, P.Geol., President and CEO of Golden Share Mining Corporation and Qualified Person for Golden Share, has reviewed and approved the content of this release.

About Golden Share Mining Corporation

Golden Share Mining Corporation (TSX VENTURE: GSH) is a Canadian-based mining exploration company whose primary mission is to target, explore and develop gold deposits in Canada. Golden Share was created through the reorganization of SearchGold's Canadian gold assets and is lead by an experienced management team at the technical and corporate level. The Company's projects straddle three greenstone belts of Eastern Canada, are accessible by road and are all located close to the established mining centers of Val d'Or and Rouyn-Noranda in Quebec and Shebandowan, west of Thunder Bay, in Ontario.

Golden Share recently completed its initial public offering and finalised a $2,666,025 financing with Canaccord Capital Corporation who acted as the agent. The Company has 24,480,193 common shares issued and outstanding and Golden Share's common shares have started trading on the TSX Venture Exchange under the symbol "GSH" on January 14th 2008. The net proceeds from the initial public offering will be used by Golden Share mostly for exploration work on its Forsan and Malartic Lakeshore properties, and for working capital and general corporate purposes.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.